What is an example of Intangible Personal Property?

Intangible personal property refers to non-physical assets that cannot be touched or physically measured but hold value. Trademarks and patents are prime examples of intangible personal property because they represent legal rights, branding, or inventions rather than a physical object. These assets can be bought, sold, and licensed, and they often provide economic benefits to their owners through commercial use or exclusivity.

In contrast, office machines, real estate, and furniture are all tangible assets. They have a physical presence and can be seen and touched, which distinguishes them from intangible personal property. While tangible property can have value and be subject to appraisal, it differs fundamentally from intangible property, which relies on legal recognition and intellectual ownership rather than physical characteristics.